Ashton Thomas Private Wealth LLC Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,114 shares of the specialty retailer’s stock, valued at approximately $919,000.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty during the third quarter worth $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Wells Fargo & Company raised their price objective on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. Finally, Barclays lifted their target price on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $355.43 on Monday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.89 and a beta of 1.34. The stock’s 50-day simple moving average is $394.36 and its 200-day simple moving average is $388.12.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.